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Interview With Jase Brand, The Young Trader Setting The Path for Aspiring Entrepreneurs and Traders

Trading the Forex markets is difficult at the best of times. With the number of ‘fake gurus’ growing by the day, it’s hard to know who the real deal really is. There is one young trader who has been making huge strides in the forex industry, under the mentorship of one of the world’s leading…

Trading the Forex markets is difficult at the best of times. With the number of ‘fake gurus’ growing by the day, it’s hard to know who the real deal really is. There is one young trader who has been making huge strides in the forex industry, under the mentorship of one of the world’s leading forex coaching academies, ASFX. So how does a 19 year old become a profitable trader with over 4 years of experience? We sit down with Jase Brand to learn exactly that.

Tell us a bit about your background and how you got into trading?

So I got into trading when I was just 15 years old. I didn’t have any mentors when I started out and I first joined through a network marketing company. Long story short, I got scammed and lost my money. That’s when I decided it was time to start trading on my own, which I did for a couple of years. I basically went through a long process and journey to become a profitable, consistent trader.

How did you come across Austin & ASFX?

Well to be honest I wasn’t really looking for a mentor at the time, I was more looking for a system. At that time I’d been trading for 2 years and I had my own experiences with multiple different systems and strategies, which personally didn’t work for me. I wanted something more logical and analytical. I ended up finding Austin through Instagram and I think the biggest reason I joined him was because when I was trading one of my strategies, I was shorting GBP/USD back in October. At the same time Austin was taking GBP/USD long and he won that trade by over 400 pips! That trade ended up being my biggest loser at the time. So I was like “Oh man, something isn’t working with what I’m doing”. That’s why I went to join Austin, because he seemed like he was winning a lot of trades using his specific system.

How did your results change when you started to work with Austin?

Oh tremendously – my first month with Austin I was up around 3% trading with the A1 system. Then for the second, third and fourth months I was building momentum. It just started to increase around 6% in January, and 7-8% in February. I really started to become more consistent within that first month after i started to learn more about the systems, A1, D1 and A2 and actually putting the work in with markups and back testing.

So you’re only 19, how does someone so young have the drive and success that you do?

I think everyone’s drive comes from what motivates them and what their purpose is in life. My purpose in life is to build a legacy, to build a foundation for my future family – my future wife and kids. Also I want to help more motivated young individuals like me – hungry kids, like me a couple of years ago. I didn’t come from the richest or most privileged family, so I knew I had to put in the work to be successful. My goal is to be able to get my parents what their dreams want, whether it be a new car, a new watch or a new house. My purpose is to help young motivated individuals like me to become successful through trading and creating other streams of income. I am so motivated and driven to that dream and I want to help as many people as I can, which in turn will elevate my legacy and my success, so I can help even more people out in the future. I know the struggle of being broke and being a broke college/highschool student. I always saw that college wasn’t the best way for me to make money or become successful or an entrepreneur, so I found a way to succeed and now I’m doing my best to help others succeed as well.

What advice would you give to young entrepreneurs or aspiring traders?

I think the number 1 thing is to not go through social media and look at those ‘fake forex gurus’ – the ones promoting the ‘get rich quick lifestyle’ with their flashy lambo’s and cash. It’s just not the right way to do it. You need to be really careful about all the scammers in forex and trading online. Trust your instincts, really take a deep look into who is the most likely the mentor out there for me, that actually wants to help people – not just take your money. Also to take the systems or strategy they’re trading with and see if that’s something you want to do as well – whether it be a day trading, or swing trading strategy. I really emphasise taking the time to do due diligence and be cautious of all the traps on social media. Choose a mentor that is making consistent money and is a knowledgeable trader – not just a demo trader or fake guru.

This was very insightful and inspiring, thanks for joining us!

Jase has his sights set high and will continue striving towards his ultimate goal of creating a legacy. Make sure to go and follow Jase on Instagram for daily inspiration and to witness his journey, and follow ASFX.

For some high quality content and advice, check them out on YouTube

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Broker news

Donald Trump blasts ‘fools’ who oppose good Russian ties

US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.

Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”

His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.

Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.

In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”

He included that Russia would regard the US increasingly when he was president

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Bulls and Bears Took on More Currency Exposure in Week Through January

he most striking improvement among theoretical situating toward the finish of a year ago and the primary session of 2017 is not that modification were little. There was just a single gross theoretical position modification of more than 10k contracts. With sterling apparently not able to maintain even humble upticks, the bears added 13.1k contracts to the gross short position, lifting it to 120.2k contracts.

Or maybe, it is eminent that examiners for the most part added to positions, long and short, as opposed to close positions at the very end of the year. Examiners added to net long outside cash prospects positions, aside from in the Japanese yen and Swiss franc where 2.6k and 2.5k contracts were exchanged separately. Examiners likewise added to gross short positions. Here there was just a single exemption, the Japanese yen. Despite the fact that the dollar shut comprehensively higher in front of the end of the week, every one of the monetary forms we track here, spare the Mexican peso, picked up against the dollar in the three sessions since the finish of the CFTC reporting period.

Every once in a while it is helpful to review why many market members take a gander at the theoretical situating in the cash fates advertise. It is not that the outside trade is essentially a prospects showcase. It is principally an over-the-counter market in which every day turnover midpoints in abundance of $5 trillion a day.

Trade exchanged monetary forms and alternatives represented around 3% of the normal day by day turnover as indicated by the BIS study. Be that as it may, past reviews have discovered some contemporaneous connection between’s market heading and net position changes. We think it additionally offers knowledge into a specific market section of pattern supporters and energy brokers. It is not by any means the only device, yet one of a few data sources.

One ramifications of this is albeit theoretical positions in the money fates market are moderately extensive, it is still little contrasted and the money showcase. Along these lines, it is difficult to see the genuine essentialness of a record vast position, as though there is some market top. At some point, examiners are not driving the costs, possibly there is another fragment, national banks, enterprises, as well as genuine cash that is more essential at any given minute.

We invest some energy taking a gander at gross positions instead of just net theoretical positions, which is the more customary approach. We think a more granular look is frequently fundamental. There is a distinction between short-covering, for instance, and new purchasing, however it appears to be identical in the net. Additionally, the gross position is the place the introduction is not the net position. A net position of zero does not mean the market is nonpartisan. Net positions could be huge, which implies a short press or a negative stun could in any case troublesome. The positions that must be balanced are captured in the gross measure not the net figure.

We find numerous customers are likewise keen on theoretical situating in the US Treasuries and oil. The net and gross short theoretical Treasury position has swelled to new records. The bears added 23.8k contracts to the as of now record net short position, lifting it to 616.2k contracts. The bulls attempted to pick a base and added about 20k contracts to the gross long position, which now remains at 471.2k contracts. These modification prompted to a 3.8k contract increment in the net short position to 344.9k contracts.

The bulls delayed in the oil prospects toward the finish of 2016. They exchanged short of what one thousand contracts, leaving 608.1k gross in length contracts. The bears added 4.1k contracts to the gross short position, giving them 168k. These conformities trimmed the net long position by very nearly 5k contracts to 440.1k.

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Broker news

3 ways to profit in the ‘year of the dollar’

In December, the Federal Reserve raised loan fees for the second time since the Great Recession and included the desire of a 2017 financing cost climb to its gauge. Furthermore, only a couple days prior, the abundantly anticipated minutes from the most recent Fed meeting demonstrated the most hawkish tone from the national bank in two years.

In the meantime, Europe has been dove into political turmoil after a year ago’s Brexit vote and the later abdication of Italy’s leader. Somewhere else, the Bank of Japan proceeds down the way of negative rates and forceful security purchasing.

Put it all together, and it isn’t astounding that the U.S. Dollar Index is up against 14-year highs.

Speculators may have missed so much discussion on account of babble about the Dow Jones Industrial Average at the end of the day almost hitting 20,000. Be that as it may, paying little respect to your assignment to stocks or your venture skyline, this sort of huge picture incline in the dollar implies right now is an ideal opportunity to position your portfolio to benefit and, maybe most critical, to keep away from a portion of the pitfalls that can originate from a solid local cash.

Here are a couple ideas dollar exchanges ought to consider:

Residential plays over multinationals

There’s a considerable measure of seek after shopper stocks in 2017 on account of an enhancing work market and any desires for a jolt under a GOP-controlled Congress and President Donald Trump. In any case, remember that not all retailers are made equivalent especially those with abroad operations that are adversely affected by the wide dissimilarity in monetary standards at this moment.

For example, retailer Wal-Mart Stores Inc.(WMT) said troublesome money trade rates shaved very nearly 2.5% off profit for each partake in the second quarter of 2016. On the other hand consider that in the monetary final quarter of 2016, athletic attire goliath Nike Inc.(NKE) saw its income development cut down the middle because of forex weights, from 12% year-over-year in consistent cash measures to only 6% including real money changes.

To take advantage of the “reflation” exchange that numerous financial specialists are counts on in 2017, you need to represent the headwinds that a solid dollar are making for multinationals at this moment. The most ideal approach to do that is to consider customer plays that do by far most of their business here in the U.S. – for example, Foot Locker Inc.(FL), which has been an uncommon splendid spot in retail throughout the most recent couple of years.

Supported money ETFs

Obviously, in the event that you need a steady portfolio, you can’t just purchase just local centered values. Geographic expansion is similarly as imperative as enhancement crosswise over parts and resource classes. Such a large number of financial specialists keep on holding worldwide plays in light of a legitimate concern for a balanced portfolio, regardless of the possibility that it implies battling a daunting struggle as a result of a solid dollar.

The uplifting news, notwithstanding, is that you don’t need to leave yourself to torment through a solid dollar and a powerless euro when you put resources into Europe. Nor do you need to stress over the yen-dollar conversion standard when you put resources into Japan. That is on account of there’s an entire group of cash supported ETFs to permit financial specialists to put their cash in outside business sectors yet keep away from forex issues.

Consider that Japan’s Nikkei 225 file is up around 25% from its July 2016 lows. The WisdomTree Japan Hedged Equity Fund(DXJ) is up 35% in a similar period on account of assurance from forex issues and a somewhat better-performing rundown of stocks – while the non-supported iShares MSCI Japan ETF(EWJ) is up only 10% in a similar period because of battling a difficult task against a solid dollar.

In the event that you need to differentiate your portfolio comprehensively, you ought to consider supported assets that incorporate the Japan-centered DXJ, the WisdomTree Europe Hedged Equity Fund(HEDJ) to play Europe or the iShares money Hedged MSCI EAFE ETF (HEFA) for developing markets.

Dollar list ETF

In the event that you are searching for an immediate play on a rising dollar as opposed to putting resources into stocks, figuring out how to exchange remote trade can appear like an overwhelming undertaking. Gratefully, there’s the PowerShares DB US Dollar Index Bullish Fund(UUP).

This ETF is attached to the U.S. Dollar Index, which is a measure of the greenback against a wicker container of other worldwide monetary standards including the yen and the euro. It’s a straight money play, however that doesn’t make it straightforward or hazard free. In the event that the dollar debilitates, you’ll lose cash similarly as though you’re putting resources into a stock that has fallen on difficult circumstances. Furthermore, obviously, PowerShares takes a little cut of your speculations en route that indicates 0.8% yearly, or $80 a year on each $10,000 contributed.

Still, in the event that you need to conjecture on the dollar or support against a solid U.S. cash keeping down other worldwide ventures on your rundown, it’s maybe the least demanding approach to do as such for generally financial specialists.

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